UNIVERSITY OF NOTRE DAME AUSTRALIA ACT 1989 - SECT 28

UNIVERSITY OF NOTRE DAME AUSTRALIA ACT 1989 - SECT 28

28 .         Accounting standards and accounts

        (1)         The University is to —

            (a)         adopt and comply with the accounting standards applying for the time being under the companies laws;

            (b)         keep such accounting records as correctly record and explain the affairs of the University and its financial position; and

            (c)         keep its accounting records in a manner that will enable —

                  (i)         the preparation from time to time of true and fair accounts of the University; and

                  (ii)         the accounts of the University to be conveniently and properly audited in accordance with the companies laws as if the University were a body to which the companies laws apply.

        (2)         Within 2 months after the end of each University year the Board of Directors shall cause to be made out and delivered to the University’s auditor accounts that give a true and fair view of the income and expenditure of the University for that University year and the state of the financial affairs of the University at the end of that University year.

        [Section 28 amended: No. 8 of 2005 s. 48.]